Research and Publications

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jun. 2, 2014 141.55 45.43 – 20.25 9.78 –82.81 4.85 – –2.00 Jun. 3, 2014 71.20 23.98 – – 13.28 –124.37 3.10 – –66.97 Jun. 4, 2014 46.42 18.81 – – 0.78 –4.51 4.80 – 19.08 Jun. 5, 2014 53.17 38.60 – – – –0.12 4.85 – 9.60 Jun. 6, 2014 24.85 8.93 91.25

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 May 26, 2014 159.69 66.87 – – 40.40 – – 133.22 May 27, 2014 122.16 63.71 – – –62.66 – – –4.21 May 28, 2014 104.39 36.74 – 0.37 –40.88 – – 27.14 May 29, 2014 98.57 27.78 – 17.08 –8.18 0.35 – 79.34 May 30, 2014 61.59 65.02 600.04 0.40 69.97 3.90 – 663.08

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 May 19, 2014 201.61 82.45 – 0.86 –10.25 – – 109.77 May 20, 2014 144.80 77.08 – – –97.63 – – –29.91 May 21, 2014 95.12 13.73 – 2.00 57.21 – – 140.60 May 22, 2014 115.19 54.16 – 8.00 34.20 – – 103.23 May 23, 2014 117.01 7.45 – 19.12 –58.01 – – 70.67

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 May 12, 2014 215.23 20.74 – 31.70 127.24 – – 353.43 May 13, 2014 213.07 3.32 – 186.35 15.54 – – 411.64 May 15, 2014 208.91 132.61 – – -83.00 – – -6.70 May 16, 2014 89.14 132.93 610.05 0.45 -7.20 – – 559.51

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 May 5, 2014 160.50 167.31 – 6.45 –52.42 – – –52.78 May 6, 2014 108.62 63.65 – 7.50 –93.26 – – –40.79 May 7, 2014 117.68 6.42 – 71.05 –31.19 – – 151.12 May 8, 2014 196.18 66.52 – 10.00 65.00 – – 204.66 May 9, 2014 209.23 3.58 – 19.50 25.54 – – 250.69

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 Apr. 28, 2014 216.44 22.22 – 5.91 42.70 – – 242.83 Apr. 29, 2014 216.91 76.91 – 0.95 –2.55 – – 138.40 Apr. 30, 2014 216.90 14.75 – 52.35 3.16 – – 257.66 May 2, 2014 82.29 116.20 750.00 20.05 –101.26 – – 634.88

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 Apr. 21, 2014 189.68 2.89 – 42.80 91.90 – – 321.49 Apr. 22, 2014 211.27 42.33 – 3.40 65.50 – – 237.84 Apr. 23, 2014 212.96 38.61 – 0.15 22.49 – – 196.99 Apr. 25, 2014 210.09 71.90 – 25.90 –24.00 – – 140.09

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-) (1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 Apr. 15, 2014 198.35 54.56 – 4.80 103.30 – – 251.89 Apr. 16, 2014 122.07 88.27 – – –185.50 – – –151.70 Apr. 17, 2014 112.00 29.16 610.05 15.70 13.40 – – 721.99

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-)(1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 Apr. 7, 2014 180.42 0.20 – 159.25 95.40 – – 434.87 Apr. 9, 2014 172.98 47.82 – 6.05 –72.00 – – 59.21 Apr. 10, 2014 174.53 72.00 – 0.75 78.60 – – 181.88 Apr. 11, 2014 177.93 19.35 – 26.50 –82.10 – – 102.98

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-)(1+3+4+5+7-2-6) Repo Reverse Repo Term Repo Sale Purchase 1 2 3 4 5 6 7 8 Mar. 29, 2014 – – – 235.10 – – – 235.10 Mar. 31, 2014 – – – 219.29 – – – 219.29 Apr. 1, 2014 – – – – 60.60 – – 60.60 Apr. 2, 2014 212.92 61.12 – 123.39 38.85 0.05 0.05 314.04 Apr. 3, 2014 170.04 210.11 – 32.50 –49.98 – – –57.55 Apr. 4, 2014 52.37 135.36 789.27 6.10 –102